International

    Crypto / Digital Assets

    IOSCO to Develop Regulatory Guidance for Crypto Market

    By Editors | 30/11/2022

    IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”

    AML / KYC

    EU to Gain Legal Authority to Punish Sanctions Circumvention

    By Editors | 30/11/2022

    The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

    Enforcement

    Australia Passes Bill Raising Penalties for Privacy Violations

    By Manesh Samtani | 29/11/2022

    The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.

    Enforcement

    APRA to Intensify Industry Scrutiny Following Medibank Hack

    By Sanday Chongo Kabange | 29/11/2022

    APRA to intensify supervision of all entities not meeting CPS 234. Medibank executive pay could be impacted.

    AML / KYC

    Turkish Authorities Seize FTX Assets Amid Criminal Probe

    By Editors | 29/11/2022

    Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

    Big Picture

    COP27: What Lies Ahead for the Future of Climate Finance?

    By Michael Sheren | 29/11/2022

    MVGX President Michael Sheren discusses key takeaways from COP27 and the importance of regulation and high-integrity standards for carbon markets.

    Crypto / Digital Assets

    Crypto Lender BlockFi Follows FTX Into Bankruptcy

    By Editors | 29/11/2022

    BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.

    Crypto / Digital Assets

    VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

    By Editors | 28/11/2022

    The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

    AML / KYC

    Authorities from Ten Countries Take Down Spoofing Website

    By Editors | 28/11/2022

    Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.

    ESG / Sustainability

    ISDA Identifies Opportunities to Standardise SLD Terms

    By Editors | 26/11/2022

    ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.

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